What Process for Partnership Registration in Chennai


What Process for Partnership Registration in Chennai

 "Call Our Business Plan Experts at +91-72999-72500"


A partnership firm is a form of business organization in which two or more people come together to provide the required resources and share profits, losses and risks in a mutual agreement. It is governed by the Indian Partnership Act 1932. The partners of a partnership firm enjoy a wide range of powers and can make decisions quickly. Moreover, a partnership firm can borrow funds on a large scale because it has a combined borrowing capacity.

The process of registering apartnership firm involves submitting the necessary documents to the Registrar of firms. Upon verification of the documents, the Registrar will register the name of the partnership firm and issue a certificate of registration. This certificate will give the partnership firm legal recognition and help it establish itself in the market. Besides, it will also help the partners protect their interests in case of any disputes or unforeseen circumstances.

Ensure that the partnership firm's name is unique and does not resemble any other existing firm or company. Then, the partners should submit their ID proofs and photographs along with the application. Finally, the signatures of all the partners should be notarized. 

Besides, the partnership deed should be notarized and deposited with the Registrar of Firms. Proof of office address, which may include a rental agreement, sale deed, utility bills not older than three months, or an NOC from the landlord. A copy of the passport or driving licence for all partners, if any are NRIs or foreign citizens. DIN/DPIN for all designated partners, which are unique numbers assigned solely to Indian residents by the Ministry of Corporate Affairs.

 

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